ASX Q4 2016 Earnings Report — ASE Technology Holding Co., Ltd. Revenue & Financial Results | Market Cap Arena

ASE Technology Holding Co., Ltd.ASX

Q4 2016 Earnings

Reported December 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$2.5B	$2.3B	—	9.1%	—
Op. Income	$262M	$233M	—	12.6%	—
Gross Margin	19.2%	18.6%	—	0.5pp	—
Net Margin	10.3%	7.6%	—	2.8pp	—
EPS (Diluted)	$0.11	$0.08	—	34.4%	—
Free Cash Flow	$346M	$151M	—	130.0%	—

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.0B
GROSS PROFIT	$476M
R&D Expenses	$100M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$114M
Other Expenses	$0
Operating Expenses	$214M
Cost & Expenses	$2.2B
OPERATING INCOME	$262M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$36M
INCOME BEFORE TAX	$298M
Income Tax Expense	$41M
Net Income from Continuing Ops	$257M
Net Income from Discontinued Ops	$0
Other Adjustments	$14M
NET INCOME	$257M
Net Income Deductions	-$24M
BOTTOM LINE NET INCOME	$233M
D&A	$238M
EBIT	$315M
EBITDA	$553M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.0B
GROSS PROFIT	$476M
R&D Expenses	$100M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$114M
Other Expenses	$0
Operating Expenses	$214M
Cost & Expenses	$2.2B
OPERATING INCOME	$262M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	$36M
INCOME BEFORE TAX	$298M
Income Tax Expense	$41M
Net Income from Continuing Ops	$257M
Net Income from Discontinued Ops	$0
Other Adjustments	$14M
NET INCOME	$257M
Net Income Deductions	-$24M
BOTTOM LINE NET INCOME	$233M
D&A	$238M
EBIT	$315M
EBITDA	$553M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$257M
Depreciation & Amortization	$238M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$35M
Change in Working Capital	$24M
OPERATING CASH FLOW	$554M
Capital Expenditure	-$208M
Acquisitions (Net)	$16M
Purchases of Investments	-$419M
Sales/Maturities of Investments	$395M
Other Investing Activities	$16M
NET CASH FROM INVESTING	-$204M
Net Debt Issuance	-$308M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$298M
FREE CASH FLOW	$346M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$123M
Net Receivables	$1.7B
Inventory	$1.4B
Other Current Assets	$82M
TOTAL CURRENT ASSETS	$4.5B
PP&E (Net)	$4.6B
Goodwill	$332M
Intangible Assets	$51M
Long-Term Investments	$1.7B
Tax Assets	$144M
Other Non-Current Assets	$77M
TOTAL NON-CURRENT ASSETS	$6.8B
TOTAL ASSETS	$11.3B
Account Payables	$1.1B
Short-Term Debt	$1.2B
Deferred Revenue	$2M
Other Current Liabilities	$488M
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$154M
Other Non-Current Liabilities	$170M
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$6.1B
Common Stock	$2.5B
Additional Paid-In Capital	$705M
Retained Earnings	$1.4B
Treasury Stock	-$231M
Accum. Other Comp. Income	$568M
Other Equity	-$58M
TOTAL STOCKHOLDERS' EQUITY	$4.9B
Minority Interest	$380M
TOTAL EQUITY	$5.3B
TOTAL LIABILITIES & EQUITY	$11.3B
Total Debt	$3.5B
Net Debt	$2.3B